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FRS | RIN: 7100-AF06 | Publication ID: Fall 2018 |
Title: ●Proposed Revisions to Prohibition and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds (Docket No: R-1608) | |
Abstract:
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, Security Exchange Commission, and Commodities Futures Trading Commission (collectively, the Agencies) are requesting comment on a proposal that would amend the regulations implementing section 13 of the Bank Holding Company Act (BHC Act). Section 13 contains certain restrictions on the ability of a banking entity and nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The proposed amendments are intended to provide banking entities with clarity about what activities are prohibited and to improve supervision and implementation of section 13. |
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Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 248 | |
Legal Authority: 12 U.S.C. 1851 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: David McArthur Senior Economist Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 452-2985 Kevin Tran Sr Fin Inst Policy Analyst II Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 452-2309 David Lynch Deputy Associate Director Federal Reserve System Division of Supervision and Regulation, Washington, DC 20551 Phone:202 452-2081 Flora Ahn Senior Special Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2317 Greg Frischmann Special Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-2803 Kirin Walsh Attorney Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-3058 |